Musk-related stocks plummet, Tesla drops over 9%, SpaceX falls more than 6%

BlockBeats news, November 5th, as Democrats comprehensively seized control of the U.S. Congress, stocks related to Trump and Republican mega-donor Musk plummeted.

According to BIT stock platform data, Tesla's stock price fell 9.01% to $350.472, with a total market capitalization of $1.39 trillion; SpaceX's stock price dropped 6.23% to $127.455 per share, with a total market capitalization of $1.73 trillion; Trump Media & Technology Group (DJT) stock price declined 3.23% to $4.345 per share, with a total market capitalization of approximately $1.21 billion.

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An address's long position on crude oil lost $5.82 million, and Hyperliquid's cumulative loss expanded to $13.79 million.

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2026-11-05

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Bitcoin fell $4,000 in a row, dropping below $76,000.

The S&P 500 index extended its decline to 3%, the Philadelphia Semiconductor Index fell over 10%, and Nvidia dropped more than 8%.

Microsoft has cooled its stance on the NeoClouds project and has withdrawn from three NScale projects.

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Musk-related stocks plummet, Tesla drops over 9%, SpaceX falls more than 6%

Address suspected to be linked to hackers buys 1,734.1 ETH after over 3 years of inactivity, transfers to Tornado Cash.

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An address's long position on crude oil lost $5.82 million, and Hyperliquid's cumulative loss expanded to $13.79 million.